Regular readers of MONOCHROME will already be familiar with the name Formex. We’ve previously written about the brand here, here and here. Known for its rugged action watches, the company has continued to refine its offering since Raphael Granito took the reins a few years back. Its latest offering, the surprisingly refined Essence Automatic Chronometer, continues this evolution. And offers great value for money too! We recently spent some hands-on time with this entry-level model that delivers a COSC-certified chronometer for under USD 700, now launching on Kickstarter.